Shares of Viasat, Inc. (NASDAQ:VSAT – Get Rating) have been given an average rating of "Moderate Buy" by the six ratings firms that are currently covering the company, MarketBeat.com reports. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $56.50.
Several research firms have recently weighed in on VSAT. TheStreet downgraded Viasat from a "c" rating to a "d" rating in a research report on Wednesday, May 25th. Raymond James decreased their target price on Viasat from $51.00 to $48.00 and set an "outperform" rating on the stock in a research report on Tuesday, August 9th. StockNews.com upgraded Viasat from a "sell" rating to a "hold" rating in a research report on Wednesday, August 10th. B. Riley decreased their target price on Viasat from $145.00 to $100.00 and set a "buy" rating on the stock in a research report on Tuesday, May 31st. Finally, Needham & Company LLC reduced their price objective on Viasat from $58.00 to $44.00 and set a "buy" rating on the stock in a research report on Thursday, July 14th.
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Hedge Funds Weigh In On Viasat
A number of institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. raised its position in Viasat by 0.8% in the first quarter. Vanguard Group Inc. now owns 6,590,072 shares of the communications equipment provider's stock valued at $321,596,000 after purchasing an additional 55,404 shares during the period. BlackRock Inc. raised its position in Viasat by 0.6% in the first quarter. BlackRock Inc. now owns 6,342,218 shares of the communications equipment provider's stock valued at $309,500,000 after purchasing an additional 40,414 shares during the period. Disciplined Growth Investors Inc. MN raised its position in Viasat by 2.2% in the first quarter. Disciplined Growth Investors Inc. MN now owns 2,919,940 shares of the communications equipment provider's stock valued at $142,493,000 after purchasing an additional 63,820 shares during the period. State Street Corp raised its position in Viasat by 2.1% in the second quarter. State Street Corp now owns 2,098,300 shares of the communications equipment provider's stock valued at $64,271,000 after purchasing an additional 43,752 shares during the period. Finally, New South Capital Management Inc. raised its position in Viasat by 3.1% in the first quarter. New South Capital Management Inc. now owns 2,047,461 shares of the communications equipment provider's stock valued at $99,916,000 after purchasing an additional 60,919 shares during the period. Hedge funds and other institutional investors own 81.01% of the company's stock.
Viasat Trading Down 2.1 %
NASDAQ VSAT opened at $34.68 on Thursday. The stock's 50 day simple moving average is $34.95 and its 200-day simple moving average is $38.17. Viasat has a 1-year low of $25.38 and a 1-year high of $68.76. The company has a debt-to-equity ratio of 0.96, a quick ratio of 1.06 and a current ratio of 1.55.
About Viasat
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Viasat, Inc provides broadband and communications products and services worldwide. The company's Satellite Services segment offers satellite-based fixed broadband services, including broadband internet access and voice over internet protocol services to consumers and businesses; in-flight entertainment and aviation software services to commercial airlines; community internet services; mobile broadband services, including satellite-based internet services to energy offshore vessels, cruise ships, consumer ferries, and yachts; and energy services, which include ultra-secure solutions IP connectivity, bandwidth-optimized over-the-top applications, industrial internet-of-things big data enablement, and industry-leading machine learning analytics.
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